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EQUATORIAL GUINEA – Taxes Increases

By the publication of the Law 2015 Financial n°4/2014, EG government has significantly amended Corporate income Tax, mainly regarding minimum tax and the cancellation of some exemptions in tax and customs duties. Since January 1st 2015, the main changes are: All the existing exemptions are cancelled All companies must renegotiate their tax and customs exemptions with the Ministry of Finances and Budget Failure to renegotiate will subject a company to all taxes and customs duties applicable to its activities in EG Value added tax, Personal [...]

October 29, 2020 Equatorial Guinea
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CHAD – One-Stop Shop For Companies Creation In Chad

The OHADA uniform act related to commercial corporate law and the Economic Interest Group(EIG) submits the formation of a trading company to certain legal requirements. Chad set up via order N ° 037 / PR / PM / MCI / 2010, the Companies Formalities Center ( CFC) which includes within it a single window of new business start-up and the follow up of existing ones. This structure administratively topped by the national agency of the investments and the exports. Its missions [...]

October 29, 2020 Publications
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CONGO – New Law Governing Cash Payments

The 2016 finance law through article 461 sets out new measures of safeguarding tax income, by fixing the following principle: ” The taxes and rights enacted in tax code are exclusively paid by bank transfer at the benefit of the public treasury. Exceptionally, small and very small companies as well as the individuals are authorized to make the payment of the taxes and the rights in cash or by check for a maximum amount of hundred thousand (100 000) FCFA “. This [...]

October 29, 2020 Publications
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GABON -Tax Web-Portal

Put on-line since February, 2014 by the tax office, the fiscal Tax web-portal is a venue aiming at ” dematerializing tax processes “, and modernizing of the tax office services. hence, tax declarations, payment orders, tax receipts, etc… are archived and can be downloaded or printed out at any time on www.etax.dgi.ga Dematerialization offers the following advantages: Declaration on Internet of taxes gradually put on-line Remote payment by a transfer order since e-t@x, and available 24/7 Direct Payment safely and without any contribution of [...]

October 29, 2020 News
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CAMEROON – Tax Amnesty On Land Tax

In a press release of June 17th, 2016, the Director-General of Taxation reminds the owners of the buildings built or unbuilt, that the finance law for the fiscal year 2016, particularly in the fifth article of the fourth chapter, enables them to benefit a tax amnesty over the previous periods without callback of any penalties, if they spontaneously proceed with the payment of the land tax during the fiscal year 2016. As reminder, Is liable of the tax on the landed [...]

October 29, 2020 Cameroon, News
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Summary Presentation

Central Africa is made up of six(6) States (Cameroon, Central African Republic, Congo, Gabon, Equatorial Guinea and Chad). They are part of an economic and geographical zone named CEMAC (Central Africa Economic and Monetary Community). This geographical space extends on over more than 3 millions of km2, that is 14% of the surface of sub-Saharan Africa and account about 40 million inhabitants. Two member states are without maritime facade, they are; RCA and Chad. The tax system of the member countries [...]

October 29, 2020 News, Publications
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